MILAN, Italy - The Competition and Market Authority (AGCM) in Italy has started an investigation against Robert Bosch GmbH to verify the claim of abuse of their dominant position on the European market for e-bike drive systems.
ANNECY, France - Component manufacturer Mavic has announced a change in its market strategy. To improve its presence on the OEM market again, component manufacturer Mavic opened a facility in the US and has hired experienced François Joly as OEM business unit manager.
OSAKA, Japan - Shimano has announced two new mechanical groupset introductions. The Shimano 105 12-speed Mechanical groupset completes the 12-speed road family. Meanwhile for the gravel segment, Shimano's new GRX Mechanical 12-Speed provides more gearing options for gravel cyclists.
SCHRAMBERG, Germany - In the first half of 2023, precision gear and component manufacturer hGears AG posted total sales of €57.16 million, a year-on-year decline of 19.4%. This is the result of flat sales in its e-mobility and e-tools business units.
FRANKFURT, Germany - Once again, high-precision transmission parts and components producer hGears AG, with its comparatively young e-mobility business unit, had its own booth at this year's Eurobike.
OSAKA, Japan - Shimano regards 2023 as an "in-between year" as Marc van Rooij, President Shimano Europe Group already explained at Eurobike. This is reflected in the financial results for the first half of 2023. The Japanese manufacturer reports a net sales decrease in bicycle components of 17.7% to JPY 204,986 million (€1.3 billion) year-on-year, and operating income decreased 39.5% to 42,093 million yen (€270 million).
FRIEDRICHSHAFEN, Germany - Lightweight product maker Carbovation GmbH has acquired German lightweight component specialist Tune GmbH. No details of the purchase price have been disclosed.
BIELEFELD, Germany - Small parts speclialist westphal GmbH has been acquired by Hadi-Plast Group this week. The strategic acquisition marks a milestone for both companies and strengthens their position as major players in their field of business. Information on the take-over amount remains undisclosed.
The mobility landscape is undergoing a fundamental transformation. Europe alone witnessed a sales volume of 5.8 million e-bikes in 2022, reflecting a broader shift in consumer preferences. As an established player with substantial experience in the automotive industry, hGears is making significant strides in this evolving e-mobility landscape. At the upcoming Eurobike show, the company wants to further emphasise these ambitions.
TAIPEI, Taiwan - Chinese drivetrain component manufacturer WheelTop made the step to launch a MTB group set for the first time. The prototype set comprised a derailleur, two batteries, and wireless shifter.
